Consider this a personal invitation to use our free
Section 199A Calculator
But be sure to use it the correct way!
Your 199A deduction requires W-2 wages and/or property (when your taxable income is greater than $415,000 married, filing jointly, or $207,500, filing as single or head of household.)
If you earn above these amounts and do not formally elect aggregation of your Section 199A businesses, remember to enter each business separately in our free Section 199A Calculator when you calculate your 20-percent deduction!
To make things absolutely clear,
we’ll analyze three extremely useful scenarios.
You’ll see for yourself how the input of three businesses, aggregated as a single business, produced a 199A deduction of $94,131. And how the input of these businesses individually produced a deduction of $34,340. Quite a difference!
You’ll get the whole story when you read my new article titled
Caution: 199A Calculator Is
Business-by-Business WITHOUT Aggregation.